PANews reported on November 19 that according to Fortune magazine, the stablecoin company Noble completed a $15 million Series A financing, led by Paradigm, and other investors have not yet been disclosed. They will use the funds from this round of financing to accelerate the adoption of stablecoins by developing new user-oriented products and expanding the workforce. This new financing brings Noble's total financing amount to $18.3 million.
According to reports, Noble hopes to bridge the gap between stablecoin issuers such as Circle and application chain builders by developing a platform that provides higher liquidity. Noble acts as an intermediary, working with stablecoin issuers to efficiently distribute their products to 50 different blockchains and provide developers with a seamless user interface to ensure that their application chains are compatible with Noble. Noble has established partnerships with several stablecoin issuers such as Circle, Ondo Finance, Hashnote Labs and Monerium. The company has attracted more than $458 million in assets.
